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NATIONAL ASSEMBLY
QUESTION FOR WRITTEN REPLY
QUESTION NO.: 1153
DATE OF PUBLICATION: 15 APRIL 2011
Mr L S Ngonyama (Cope) to ask the Minister of Economic Development:
Whether, with reference to the 2010 Estimates of National Expenditure
(details furnished), his department has established an advisory panel on
domestic and international economic development; if not, why not; if so,
(a) when was this panel established and (b) what are the further relevant
details? NW1276E
REPLY
The Economic Advisory Panel (EAP) was established in March 2010. The names
of the panel members were announced in the Ministerâs Budget Vote Speech of
21 March 2010:
⢠Professor Joseph Stiglitz, Nobel Economics Laureate and previously Chief
Economist of the World Bank
⢠Professor Haroon Bhorat of UCT
⢠Dr Michael Power, a strategist from Investec Bank
⢠Professor Chris Malikane from Wits University (who later withdrew upon
being appointed to the National Planning Commission)
⢠Mr Goolam Ballim, Group Chief Economist of Standard Bank
⢠Dr Olive Shisana, the CEO of the Human Sciences Research Council
⢠Mr Geoffrey Qhena, CEO of the Industrial Development Corporation
⢠Dr Simon Roberts, Chief Economist of the Competition Commission
⢠Dr Neva Makgetla, then Lead Economist in the development planning
division of the DBSA (subsequently appointed Deputy Director-General of
Economic Policy Development at EDD)
Subsequently Dr Johan van Zyl, President and CEO of Toyota South Africa,
Professor Evance Kalula, Deputy Dean at UCT and Prof Ha Joon Chang were
appointed to the EAP.
The panel and individual panel members provided the Minister with advice on
a range of economic issues and have also met with the President.
One panel member, Prof Stiglitz, led discussion on the international
context within which the New Growth Path will be realised.